Vince Greenland
Help with due dilegence period for multi family complex
We just agreed on a price for a 96 unit class C complex. The complex is currently managed poorly with out of town owners and "suspect" management and maintenance personnel.
First, we own and manage 90 units ...
Jacob Chaney
$4k for lawyer BEFORE even submitting offer? Commercial RE question
My partner and I are looking to purchase our first commercial 13 unit property in the Washington, DC area. His real estate agent (who I've never worked with before) insists we need an attorney even before we have ...
Emilio Pereira
Is there 75% ARV lending?
Having a hard time finding a lender who lends on 75% of the ARV. Most do LTV. Do hard money loans not really exist much that lend based on the ARV? Please let me know any help would be helpful
Obed Bermudez
Ughhh Closing Costs! How to properly estimate????
Hello BP community,I'm currently attempting to figure out how to accurately "guesstimate" the amount of closing costs for a residential property. I understand that closing costs include fees incurred by the title co...
Jerry Padilla
FHA Purchasing, FHA Cash-Out, FHA Rate and Term
This is by no means all of the guidelines..... Just some basics. This past month FHA has gotten much more strict and fine tuned their guidelines. Single Family Residence or The rental units are an owner-occupied two (...
Chad Zaback
Bouncing from bank to broker after private money pulled back.
I have been finding out that the people that get "interested" in investing their money in real estate seem to cool down by the time I put a deal together. I am currently going through the process of getting loan throu...
Dan H.
Supplemental tax property tax increase for off market purchase
Property is in Escondido, CA.I have purchased directly from the owner twice prior without getting a supplemental increase to the accessed value for property tax purposes. My off market purchase that closed New Years ...
Patricia J.
Dual agency for a lower price: yay or nay?
I am in the process of purchasing a condo as investment, and it occurred to me I may get a deal on the purchase price if I ask the listing agent to represent me as the buyer as well. I thought the agent, in wanting to...
Tiffany Smith
Stuck -getting approved loan
Hi Everyone,I am running in to a problem with lending. I am not getting approved for a loan due to my debt to income ratio. I purchased a 2-unit last year that has appreciated tremendously. I house hacked, as I live ...
Robin Suh
Lease option agreement on office building
I have a small office building in California and someone offered to lease the property from me for 3 years with an option to purchase. Some questions for anybody with experience with this:-how much above market price ...